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BUYERS GUIDE

Get your home Financed

  • Can I get my house financed?
    Yes. All projects by the Kohinoor Group hold clear titles and are approved by all leading banks and financial institutions.

  • How much loan can I avail?
    You can avail a maximum loan of 70% to 80% of the Agreement Value. However your loan amount may differ as per your income eligibility & THE CIBIL SCORES as appraised by the bank. All loans are at the sole discretion of the bank.

  • What is the term of the loan that banks offer?
    Banks and financial institutions usually offer loans for a term of 10-25 years.

  • What are the documents required for availing home loan?
    Basic Documents:
    1 .Completed Application Form with Photograph
    2 .Photo Identity Proof
    3 .Residence Address Proof
    4 .Signature Verification Proof
    5 .Age Proof
    6 .Fee Cheque
    7 .Marriage certificate ( if applicable )

    For Salaried Applicants:
    1 .Last 3 months' Salary Slip
    2 .Form 16
    3 .Repayment Track record of existing loans/Loan closure lette
    4 .Bank Statement for the last 6 months from Salary Account

    For Self Employed Applicants:
    1 . A brief introduction of Business/Profession
    2 .Photo Identity Proof, Residence Address Proof, Signature Verification Statement for all the main partners/directors
    3 .Repayment Track record of existing loans/Loan closure letter
    4 . Board Resolution in case of a company
    5 .Proof of existence of the company
    6 .Office Address Proof
    7 .Income Tax Return / Computation of Total Income / Auditors Report /



  • Stamp Duty & Registration

    Stamp Duty rates have been revised as under:-

    For residential as well as commercial units in Corporation Limits the Stamp Duty payable is applicable @ 6% of market value of the unit or consideration paid under the agreement, whichever is higher. Whereas in other areas the Stamp Duty payable is either 4% or 5%

    The market value of the Unit is determined on the basis of stamp duty ready reckoner issued by government every year on January 1st. Further registration fees is payable @ 1% of market value/consideration (whichever is higher) and is capped up to Rs. 30,000/-